ADA EW
Updated
Hopeful target for ADA. Assuming we're now in EW 3 we can expect fib extension between 1.618 and 2.618. Additionally we've seen resistance around 3000 sats previously.
Comment
Shortly after this idea was published Coinbase announced their 'will-they-won't-they' news about the possibility of listing ADA. Given the sort of price movements we've seen in response to this news and an apparent shift in the attitude of the wider market I'm feeling more confident about this. Assuming this hits, one extra consideration is that we saw a large retrace from wave 1. Thus there might not be a big retrace from wave 3. A 0.236 retrace would give a re-entry point of around 2750, and a .5 would give us a re-entry of 2500.
Not investment advice - I'm just practising. Any comments or feedback welcome.
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